The easiest way to understand Renewable Energy Certificates (RECs) is to think of them as being like share certificates. They are electronic, tradable commodities, each equal to 1 Megawatt hour of renewable energy generation, that may be traded for financial return. And, just like a share certificate, the value of a REC can move up and down.

The operation of RECs is coordinated by the Office of the Renewable Energy Regulator and governed by the Renewable Energy (Electricity) Act 2000 and the Renewable Energy (Electricity) Regulations 2001.

When you have a solar power system installed by Allpro Solar Pty Ltd, your system will attract a certain number of RECs. However, only a person who is registered with the Renewable Energy Regulator can actually receive RECs.

That means you have two options:

• You can apply to be registered yourself
• Or you can assign those RECs to Allpro Solar Pty Ltd as we’re already registered with ORER so are able to receive them from you.